Exchange Traded Concepts LLC Buys Shares of 9,850 Strategic Education Inc. $STRA

Exchange Traded Concepts LLC purchased a new stake in Strategic Education Inc. (NASDAQ:STRA) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor purchased 9,850 shares of the health services provider’s stock, valued at approximately $847,000.

Other institutional investors and hedge funds have also modified their holdings of the company. MSH Capital Advisors LLC boosted its stake in Strategic Education by 1.2% in the second quarter. MSH Capital Advisors LLC now owns 11,314 shares of the health services provider’s stock valued at $963,000 after buying an additional 137 shares in the last quarter. Assetmark Inc. lifted its holdings in shares of Strategic Education by 54.3% in the second quarter. Assetmark Inc. now owns 395 shares of the health services provider’s stock worth $34,000 after acquiring an additional 139 shares during the last quarter. Osaic Holdings Inc. boosted its stake in shares of Strategic Education by 85.2% in the 2nd quarter. Osaic Holdings Inc. now owns 387 shares of the health services provider’s stock valued at $33,000 after purchasing an additional 178 shares in the last quarter. Significant Wealth Partners LLC grew its holdings in shares of Strategic Education by 7.0% during the 2nd quarter. Significant Wealth Partners LLC now owns 2,876 shares of the health services provider’s stock valued at $245,000 after purchasing an additional 187 shares during the last quarter. Finally, GAMMA Investing LLC grew its holdings in shares of Strategic Education by 148.9% during the 2nd quarter. GAMMA Investing LLC now owns 331 shares of the health services provider’s stock valued at $28,000 after purchasing an additional 198 shares during the last quarter. 93.27% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on STRA. Weiss Ratings reissued a “hold (c)” rating on shares of Strategic Education in a research note on Wednesday, October 8th. Barrington Research reiterated an “outperform” rating and issued a $105.00 price target on shares of Strategic Education in a research note on Thursday, December 18th. Wall Street Zen raised Strategic Education from a “hold” rating to a “buy” rating in a report on Saturday, September 13th. Finally, BMO Capital Markets reaffirmed an “outperform” rating on shares of Strategic Education in a report on Monday, September 8th. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $99.33.

Strategic Education Trading Up 0.6%

NASDAQ STRA opened at $81.15 on Monday. The business’s 50-day moving average price is $79.39 and its two-hundred day moving average price is $80.62. Strategic Education Inc. has a 12 month low of $72.25 and a 12 month high of $104.51. The firm has a market capitalization of $1.91 billion, a PE ratio of 16.87, a price-to-earnings-growth ratio of 0.91 and a beta of 0.57.

Strategic Education (NASDAQ:STRA) last released its quarterly earnings results on Thursday, November 6th. The health services provider reported $1.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.30 by $0.33. Strategic Education had a net margin of 9.08% and a return on equity of 8.18%. The firm had revenue of $319.95 million during the quarter, compared to analyst estimates of $315.40 million. During the same quarter last year, the business earned $1.16 EPS. The company’s revenue was up 4.5% compared to the same quarter last year. As a group, analysts forecast that Strategic Education Inc. will post 4.79 earnings per share for the current fiscal year.

Strategic Education Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 8th. Investors of record on Monday, December 1st were paid a dividend of $0.60 per share. The ex-dividend date of this dividend was Monday, December 1st. This represents a $2.40 annualized dividend and a yield of 3.0%. Strategic Education’s dividend payout ratio (DPR) is currently 49.90%.

About Strategic Education

Strategic Education, Inc is a publicly traded higher education services holding company headquartered in Herndon, Virginia. Through its primary operating subsidiaries, Strayer University and Capella University, the company delivers degree programs and professional development opportunities to working adults. Its offerings span undergraduate and graduate degrees, certificates, continuing education, and workforce training in fields such as business, technology, health services, education, and public administration.

Strayer University, with a network of physical campuses across the United States complemented by an online platform, provides associate’s through doctoral degrees designed to accommodate non-traditional students.